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Monetary Policy and Financial Structure
Read MoreThis research program encompasses monetary policy, modern money, public finance, and the structure of markets and institutions operating in the financial sector. Research builds on the work of Distinguished Scholar Hyman P. Minsky and examines the institutional, regulatory, and market arrangements that contribute to financial instability, as well as the policies necessary to contain it.
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The State of the US and World Economies
This program’s central focus is the use of the Levy Institute’s stock-flow consistent macroeconomic models, created by Distinguished Scholar Wynne Godley, to generate strategic analyses of the US and world economies that help policymakers understand the implications of various policy options.
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The Distribution of Income, Wealth and Well-being
Read MoreThis program explores both the persistent inequalities within and across nations and innovative policies to address them. A key part of this program is the development of alternative measures of economic deprivation and well-being that are more comprehensive than the prevailing approaches.
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Gender Equality and the Economy
This program focuses on the ways in which economic processes and policies affect gender equality, and examines the influence of gender inequalities on economic outcomes. Its goal is to examine key economic concepts, models, and indicators—with a particular view to reformulating policy to promote gender equality.
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Employment Policy and Labor Markets
Read MoreThis research program examines the latest dynamics, institutions, and trends shaping employment and earnings, with a focus on policies to achieve full employment and the tendency of modern market economies to fall short of the mark. A cornerstone of this program is research on the job guarantee—a policy that would offer a publicly funded job to all who are willing and able to work.
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Economic Policy for the 21st Century
On occasion, scholars at the Levy Institute conduct research that does not fall within a current program or general topic area. Such study might include examination of a subject of particular policy interest, empirical research that has grown out of work in a current program area, or initial exploration in an area being considered for a new research program.
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